NiSource Inc (NYSE: NI) on Monday, plunged -1.94% from the previous trading day, before settling in for the closing price of $38.09. Within the past 52 weeks, NI’s price has moved between $24.80 and $38.56.
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During the last 5-year period, the sales growth of Utilities Sector giant was 1.98%. The company achieved an average annual earnings per share of 8.40%. With a float of $465.65 million, this company’s outstanding shares have now reached $466.71 million.
Let’s determine the extent of company efficiency that accounts for 7411 employees. In terms of profitability, gross margin is 53.25%, operating margin of 26.58%, and the pretax margin is 17.73%.
NiSource Inc (NI) Insider Activity
Observing investor behavior towards Utilities – Regulated Gas industry stocks is more important than anything else. The insider ownership of NiSource Inc is 0.24%, while institutional ownership is 95.95%. The most recent insider transaction that took place on Aug 21 ’24, was worth 216,975. In this transaction EVP & CFO of this company sold 6,730 shares at a rate of $32.24, taking the stock ownership to the 165,281 shares. Before that another transaction happened on Aug 19 ’24, when Company’s EVP, Chief Op & Safety Officer sold 4,364 for $32.07, making the entire transaction worth $139,953. This insider now owns 33,129 shares in total.
NiSource Inc (NI) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.53 earnings per share (EPS) for the period topping the consensus outlook (set at 0.52) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.89 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.40% per share during the next fiscal year.
NiSource Inc (NYSE: NI) Trading Performance Indicators
NiSource Inc (NI) is currently performing well based on its current performance indicators. A quick ratio of 0.35 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.65, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 1.86 in one year’s time.
Technical Analysis of NiSource Inc (NI)
Looking closely at NiSource Inc (NYSE: NI), its last 5-days average volume was 2.83 million, which is a drop from its year-to-date volume of 4.02 million. As of the previous 9 days, the stock’s Stochastic %D was 68.90%. Additionally, its Average True Range was 0.56.
During the past 100 days, NiSource Inc’s (NI) raw stochastic average was set at 86.44%, which indicates a significant increase from 54.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.60% in the past 14 days, which was lower than the 15.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.43, while its 200-day Moving Average is $30.78. However, in the short run, NiSource Inc’s stock first resistance to watch stands at $37.93. Second resistance stands at $38.50. The third major resistance level sits at $38.80. If the price goes on to break the first support level at $37.06, it is likely to go to the next support level at $36.76. Should the price break the second support level, the third support level stands at $36.19.
NiSource Inc (NYSE: NI) Key Stats
Market capitalization of the company is 17.43 billion based on 466,779K outstanding shares. Right now, sales total 5,505 M and income totals 714,300 K. The company made 1,076 M in profit during its latest quarter, and 85,700 K in sales during its previous quarter.
